Bloomberg Some of the world’s biggest oil traders are gearing up for a possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels if necessary. The chartering spree is likely to alarm producers and their allies as it indicates that the oil traders ...

Abu Dhabi / WAM Abu Dhabi Ports announced on Saturday that Khalifa Port’s expansion is on pace for completion. The Khalifa Port expansion, announced in December 2019, aims to attract new business and significantly boost capacity in line with evolving customer expectations, and has progressed significantly since its inception despite the challenging economic conditions presented by global pandemic. Upon completion, ...

SHARJAH / WAM The Sharjah-based Hamriyah Free Zone Authority (HFZA) signed a strategic partnership agreement with Lamprell, the leading provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas and renewable energy industries. Under the agreement, Lamprell will lease an additional 1.360 million sq. ft. of land inside the free zone to continue to improve ...